Our Services

Our Expertise in Professional Services

At ICON, we offer an extensive range of professional services meticulously designed to meet the complex needs of today’s businesses. Our seasoned team provides expert guidance and solutions across various financial and tax domains, ensuring that your operations are compliant, efficient, and strategically optimized. Each service is tailored to address specific challenges and opportunities, reinforcing your business’s financial integrity and supporting your growth objectives. With our comprehensive approach, we aim to enhance your financial management and provide peace of mind in navigating the intricate landscape of business finance and taxation.

Payroll

Our payroll services are designed to alleviate the complexities of managing payroll, ensuring full compliance with tax regulations while maintaining confidentiality. We offer a comprehensive suite of services including customized pay slips, accurate computation of personal income taxes, and administration of mandatory social security contributions. Additionally, we handle sick pay, statutory maternity leave pay, and provide detailed summaries and analyses of staff costs, including bonuses and termination benefits. Our services also cover the administration of gratuity, pensions, and the Work Protection Fund, ensuring all aspects of payroll taxation are efficiently managed.

Tax Accounting and Reporting

Our tax accounting and reporting services provide precise management of your financial records to ensure compliance with tax laws and enhance transparency. We assist in selecting and implementing effective financial accounting software, support tax departments with comprehensive accounting processes, and perform provision-to-return reconciliations. Our services include addressing risks, avoiding deficiencies, and advising on tax policies and procedures. We also review internal controls to strengthen governance and mitigate compliance risks. Our goal is to provide accurate and detailed reporting that supports effective financial management and strategic decision-making.

Value Added Tax (VAT)

Navigating the complexities of Value Added Tax (VAT) requires specialized expertise, which we provide through our comprehensive VAT services. We offer strategic advice on VAT planning, administration, and compliance, ensuring you avoid common pitfalls that can lead to overpayments or underpayments. Our services include VAT control and reconciliation, assistance with VAT return completion, and planning to minimize future issues with customs and excise. Additionally, we represent you in disputes and negotiations with customs and excise authorities, and at VAT tribunals, ensuring your business remains compliant and efficient in its VAT obligations.

Tax Compliance

Effective tax compliance is essential for managing substantial trading costs and minimizing tax exposure. Our services include preparing corporate tax returns and advising on minimum income tax requirements. We assist with appropriate claims and elections in tax returns and provide support during tax audits, including representation in discussions with tax authorities. Our team also offers guidance on withholding tax applications and provides follow-up support on tax matters arising during audits. By streamlining your tax compliance strategy, we help reduce administrative burdens and ensure compliance with tax legislation.

Withholding Tax

Our withholding tax services are designed to streamline the management of your tax obligations, ensuring timely and accurate deductions while maintaining compliance with regulations. We handle all aspects of withholding tax administration, from precise calculation and deduction to regulatory compliance. Our team provides expert guidance on the complexities of withholding tax requirements, helping you avoid potential penalties and streamline your tax processes. With our support, you can ensure that all withholding tax responsibilities are efficiently managed, allowing you to focus on your core business activities.

Tax Due Diligence

Our tax due diligence services offer a thorough examination of your financial and tax positions to identify potential risks and opportunities before significant business transactions. We conduct detailed reviews to uncover any hidden liabilities or tax implications that could affect your transactions. This proactive approach helps you make informed decisions and ensures that your transactions are financially sound. By identifying potential issues early, our due diligence services support strategic decision-making and risk management, contributing to successful and compliant business transactions.

Internal Audit Services

Our internal audit services provide a comprehensive review of your organization’s internal controls and governance. We assess risk management practices, operational efficiency, and compliance with regulations. Our audits cover the general control environment, specific financial and operational procedures, and computer security. We also advise on drafting and implementing effective policies and procedures, and can act as your internal audit function, either in whole or in part. Our goal is to enhance your organization’s governance and performance through thorough risk assessments and actionable recommendations.

Audit Services

Our audit services offer an independent evaluation of your financial statements to ensure accuracy, transparency, and adherence to accounting standards. We conduct thorough audits that provide an objective assessment of your financial health and reinforce stakeholder trust in your financial reporting. Our services include rigorous testing and evaluation of financial records, ensuring that your statements are reliable and compliant with accounting regulations. By delivering a detailed and impartial audit, we support informed decision-making and maintain the integrity of your financial information.

Assurance Services

Our assurance services are designed to enhance confidence in your financial reporting and business practices. We provide independent evaluations that verify the accuracy and reliability of your financial information, contributing to a solid foundation for strategic decisions. Our assurance services include comprehensive reviews and assessments that support the credibility of your financial reports and operations. By providing clarity and validation, we help you maintain high standards of financial integrity and build trust among stakeholders, ensuring transparency and confidence in your business practices.

General Accounting

Our general accounting services ensure the complete management of your company’s finances, providing you with accurate bookkeeping, meticulous account management, and the preparation of comprehensive financial statements. We handle everything from tracking income and expenses to generating reports that reflect your financial health. Our services also include reconciliation of accounts, managing cash flow, and ensuring compliance with applicable accounting standards. Whether you are a start-up or an established business, we provide the financial transparency and organization you need to focus on growth.

Tax Residency Certificate

We offer expert assistance in obtaining a Tax Residency Certificate, enabling businesses to take advantage of double taxation avoidance agreements and international treaties. Our team handles the entire application process, ensuring that all necessary documentation is in order and that your eligibility is accurately demonstrated. By securing this certificate, your business can reduce tax liabilities and enjoy more favorable conditions when operating internationally.

ESR Compliance

Our Economic Substance Regulation compliance services are designed to ensure that your business meets the UAE’s Economic Substance Regulation requirements, safeguarding you from potential penalties. We conduct a thorough assessment of your activities to determine ESR applicability and guide you through reporting obligations. Our team ensures timely submission of reports, provides ongoing advisory, and helps maintain compliance with the ever-evolving regulations, protecting your business’s integrity.

Essential Business Solutions

Our Essential Business Solutions provide comprehensive a la carte services tailored to support start-ups and established businesses alike. From company formation to ongoing operational assistance, we offer strategic services that help reduce stress and ensure success. Whether it’s legal compliance, financial management, or day-to-day operations, our flexible solutions empower you to focus on growing your business while we handle the critical foundational tasks.

Financial Advisory

Our financial advisory services are centered on developing strong financial infrastructures that align with your business goals, helping you navigate the path to profitability. We offer expert guidance in areas such as cash flow management, investment strategies, and financial planning. Whether you need to optimize resources, forecast financial performance, or assess business risks, we provide actionable insights and analytical support to drive your business toward sustainable success.